Money Laundering Bulletin

A couple of years ago, the Financial Action Task Force (FATF) abandoned its annual “typologies report” in favour of ad hoc themed reports, writes Sue Grossey. I’d like to think that this was in protest at the tooth-zinging ugliness of the word “typologies”, but I suspect that rather it was to free up the FATF experts to write promptly about the issues of the day without being constrained to a yearly deadline. Their latest publication was perhaps inspired by the antics of Mr Madoff and others of his kind: it is entitled “Money Laundering and Terrorist Financing in the Securities Sector” [1], and was published in October 2009.

David Blackmore is Director of Financial Crime at Risk Reward Limited (+44 (0) 20 7638 5558, db@riskrewardlimited.com, www.riskrewardlimited.com) Reporting by Timon Molloy.

Tom Wise, ex-MEP for the UK Independence Party, jailed for two years in November for expenses fraud, has some claim to gratitude from future defendants in money laundering cases. The Crown had sought to charge him not only with false accounting but..

Timon Molloy, Editor

The recovery of criminal property is driven by two quite different considerations, writes Alan Osborn – first as a deterrent to financial crime and second as a means of compensating the victim through restitution. Clearly, where the fight..

Mark Dunn, Market Planning Manager, Risk & Compliance, LexisNexis: +44 (0) 20 7400 2984, risk@lexisnexis.co.uk

While the year-old Obama administration has brought a wave of new and proposed regulations for the US financial sector, it has used its anti-money laundering (AML) arm to target an area in which financial crimes have spiked during the economic crisis: mortgage and loan modification fraud. Russell Berman reports from Washington, DC.

John Evans (+44 (0) 7968 296221, john.o.evans@logica.com) is Director, Financial Crime Solutions, Logica

The European Court of Justice is not only the final tribunal for EU citizens, it also rules on member states’ transposition of EU law. Alan Osborn looks at its role in harmonizing money laundering legislation across the Community.

Who regulates money laundering at the stock exchange listings of companies around the world? If this is a beguilingly simplistic question, then the answer is anything but, says Andrew Cave.